Majority owner Varvtre AB changes its ownership in Starbreeze

STOCKHOLM (6th October 2017) Starbreeze AB has been informed that its majority owner, Varvtre AB, owned by the CEO Bo Andersson Klint, has completed an off-market transaction where Varvtre exchanges 2.0 million class B shares against the same amount of A shares and sells 3.25 million B shares to one of Starbreeze existing institutional owners.

Varvtre’s net sales of shares is conducted for personal economic reasons, where the majority of funds from the transaction will be used to pay off loans that funded previous year's purchase of Class B shares in Starbreeze. Following the transaction, Bo Andersson Klint, directly and indirectly via Varvtre, owns 18,618,667 Class A shares and 5,377,886 Class B shares, representing 24.38 percent of the votes and 8.51 percent of the holding in Starbreeze. The transaction represents an increase of 1.88 percent of Varvtre’s total number of votes.

For more information, please contact:
Ann Charlotte Svensson, Head of Investor Relations and Corporate Communications
Tel: +46(0)8-209 208, email: ir@starbreeze.com

About Starbreeze

Starbreeze is a global game company whose vision is to be a leading provider in the entertainment industry by creating world-class experiences. Starbreeze was founded in 1998 and has since evolved into a well-established developer and publisher of PC and console games and VR products aimed at the global market. With studios in Stockholm, Paris, Los Angeles, Barcelona and Brussels, Starbreeze develops high-quality entertainment products based on proprietary and third-party rights, both in-house and in partnership with external game developers. Operations are organized in three business areas: Starbreeze Games for proprietary game development, Publishing, and VR Tech for technology development including the StarVR venture. Starbreeze shares are listed on Nasdaq Stockholm under the tickers STAR A and STAR B with the ISIN-codes SE0007158928 (A share) and SE0005992831 (B share). For more information, please visit starbreeze.com


About Us

Starbreeze is an independent creator, publisher and distributor of high quality entertainment products. With studios in Stockholm, Paris, Los Angeles, Barcelona and Brussels, the company creates games and other virtual reality entertainment products, based on proprietary design and licensed content. Starbreeze most recent games include PAYDAY 2®, John Wick VR shooter and upcoming survival co-op FPS OVERKILL’s The Walking Dead. Under its publishing initiative, Starbreeze has together with Canadian studio Behaviour Digital successfully launched horror thriller Dead by Daylight. Starbreeze has set out to develop truly immersive virtual reality (VR) experiences by integrating software and hardware in its StarVR® head mounted display, produced together with Acer. Together with wholly owned subsidiary Enterspace, Starbreeze further solidifies its presence in location based entertainment. StarVR can additionally be found at IMAX VR Centres in Los Angeles and New York. Headquartered in Stockholm, Sweden, Starbreeze shares are listed on Nasdaq Stockholm First North Premier under the tickers STAR A and STAR B with the ISIN-codes SE0007158928 (A share) and SE0005992831 (B share). Remium Nordic is the company's Certified Adviser. More information: starbreeze.com, starvr.com, overkillsoftware.com

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